African Commercial Vehicles Market, Forecast to 2025

Despite Slowdown, the Market is Expected to Grow at a Robust CAGR of 6.1% until 2025, Driven by Increasing Infrastructure Developments

USD 4,950

* Required Fields

USD 4,950

PAY BY INVOICE

Be the first to review this product

The African commercial vehicles (CV) market, despite the slowdown due to low oil and commodity prices, is expected to grow at a compound annual growth rate (CAGR) of 6.1%, largely driven by increasing infrastructural developments and rising urbanisation. South Africa is the largest contributor to the CV market in Africa, with 53% share. However, until 2025, Nigeria, Kenya, and Morocco are expected to be the fastest-growing markets and the only ones to increase their share in the overall CV market. Apart from Nigeria, where the CV market is in turmoil, Kenya, Morocco, and Tanzania are expected to be the fastest-growing CV markets in Africa until 2025.

The light-duty (LD) trucks segment is dominated by Japanese original equipment manufacturers (OEMs) such as Isuzu, Toyota, and Mitsubishi, making up 67.8% of the market. The medium- and heavy-duty (M&HD) trucks segment, on the other hand, is fragmented, with a more balanced split among key OEMs. In the bus segment, however, European participants are more prominent, with nearly 50% market share. Asian OEMs, especially those from China and India, are expected to further proliferate at a rapid pace and spearhead the supply of value trucks in the region.
Latest technologies such as alternative powertrain and truck telematics penetration are negligible. Apart from a few compressed natural gas (CNG) buses in certain North African markets and the adoption of some basic telematics services in South Africa, there is no presence of these technologies in the region.

New vehicles in Africa are predominantly imported as knocked-down kits and assembled in local facilities, whereas used vehicles are imported as fully built units. The African new trucks market was predominantly dominated by premium brands from North America and Europe. White spaces in the lower price range and market potential enticed Asian manufacturers into setting up shop in the region. Asian manufacturers have gained traction in recent years, due to optimum truck specifications that comply with regional demands. These brands are positioned as affordable and value-for-money alternatives to their premium counterparts. The imported used trucks market in the Sub-Saharan region is dominant across all truck segments, especially in countries such as Ghana and Nigeria. The North African region has very little used trucks imports in the LD trucks segment, due to strict regulations, whereas used trucks imports are prevalent in the M&HD trucks segment. Most of the imports from Europe (constituting European brands) are in the HD tractors segment. In the LD and MD trucks segments, however, used trucks imports mainly constitute Chinese and Japanese brands.

In North Africa, there is growing emphasis on urban transport, along with government incentives to produce vehicles locally. This is expected to have the biggest impact on the CV market in the region. Top trends in the Sub-Saharan region include accelerated infrastructural development, rapid urbanization, and increasing proliferation of Asian OEMs. Major economies of Africa are expected to recover from the current slump once oil and commodity prices start climbing up, after which they are expected to be back on the path of accelerated growth.

This research report includes following segments:

  • Africa Heavy Duty Truck Segment

  • Africa Medium Duty Truck Segment

  • Africa Light Duty Truck Segment

  • Value Trucks

What makes our reports unique?

  • We provide the longest market segmentation chain in this industry.
  • We provide 10% customization. Our customization will ensure that you necessarily get the market intelligence you are looking for and we get a loyal customer.
  • We conduct detailed market positioning, product positioning, and competitive positioning. Entry strategies, gaps and opportunities are identified for all stakeholders.

Key questions answered:

  • How is the economics environment impacting the sales and production of commercial vehicles?
  • How is the market structured and its business model? 

  • Who are the key participants, the market leaders and their market share?

  • What are the current and future trends affecting the market?

  • How is the future growth potential and market opportunities in the market?

Table of Contents

1. Executive Summary
Key Findings
Top Trends
Truck and Bus Business Model
Market Opportunity
Unit Sales and Market Share Forecast
Rise of Asian OEMs
Key Regional Trends
Current and Future Outlook
2. Research Scope, Aim, Objectives, and Methodology
Research Scope
Research Aims and Objectives
Research Methodology
3. African CV Market
Top Trends
Growing Urban Centres
Regional Integration and Trade Corridors
Infrastructure Projects
Road Infrastructure
Truck and Bus Business Model
Average Engine Specifications and Vehicle Price Points
Market Opportunity
Unit Sales and Market Share Forecast
Africa—CV Sales and Forecast
M&HD Trucks
LD Trucks and Buses
New Trucks Sales Vs Imported Used Trucks Sales
Rise of Asian OEMs
Rise of Value Trucks
Alternative Fuel Vehicles
Truck Telematics in Africa
4. North African CV Market
Key Regional Trends
North Africa CV Sales and Forecast
M&HD Trucks
LD Trucks and Buses
Major OEMs Portfolio
5. Algeria CV Market
Economic KPIs
Algeria CV Sales and Forecast
Exhibit Models
Market Condition
6. Egypt CV Market
Economic KPIs
Egypt CV Sales and Forecast
Exhibit Models
Market Condition
7. Morocco CV Market
Economic KPIs
Morocco CV Sales and Forecast
Exhibit Models
Market Condition
8. Sub-Saharan Africa CV Market
Key Regional Trends
Sub-Saharan Africa CV Sales and Forecast
M&HD Trucks
LD Trucks and Buses
Major OEMs Portfolio
9. Ghana CV Market
Economic KPIs
Ghana CV Sales and Forecast
Exhibit Models
Market Condition
10. Kenya CV Market
Economic KPIs
Kenya CV Sales and Forecast
Exhibit Models
Market Condition
11. Nigeria CV Market
Economic KPIs
Nigeria CV Sales and Forecast
Exhibit Models
Market Condition
12. South Africa CV Market
Economic KPIs
South Africa CV Sales and Forecast
Exhibit Models
Market Condition
13. Tanzania CV Market
Economic KPIs
Tanzania CV Sales and Forecast
Exhibit Models
Market Condition
14. Growth Opportunities and Companies to Action
Growth Opportunity—Growing Segment and Alternative Technology
Strategic Imperatives for Success and Growth
15. Key Conclusions and Future Outlook
Key Conclusions and Future Outlook
The Last Word—3 Big Predictions
Legal Disclaimer
16. Appendix
Abbreviations and Acronyms Used
17. The Frost & Sullivan Story

Infographic



List of Figures & Charts

1. Commercial Vehicles Market: Key Findings, Africa, 2016
2. Commercial Vehicles Market: Top Trends, Africa, 2016
3. Commercial Vehicles Market: Business Model, Africa, 2016
4. Commercial Vehicles Market: Market Opportunity, Africa, 2017–2025
5. Commercial Vehicles Market: Unit Sales and Market Share Forecast, Africa, 2016–2025
6. Commercial Vehicles Market: Rise of Asian OEMs, Africa, 2016
7. Commercial Vehicles Market: Key Regional Trends, North Africa, 2016
8. Commercial Vehicles Market: Key Regional Trends, Sub-Saharan Africa, 2016
9. Commercial Vehicles Market: Current and Future Outlook, Africa, 2016 and 2025
10. Commercial Vehicles Market: Key Industry Participants, Africa, 2016
11. Commercial Vehicles Market: Top Trends, Africa, 2016
12. Urban Population, Africa, 2025
13. Commercial Vehicles Market: Regional Integration and Trade Corridors, Africa, 2016
14. Commercial Vehicles Market: Infrastructure Projects, Africa, 2016
15. Commercial Vehicles Market: Road Infrastructure, Africa, 2016
16. Commercial Vehicles Market: Business Model, Africa, 2016
17. Commercial Vehicles Market: Engine Specifications and Vehicle Price Points, Africa, 2016
18. Commercial Vehicles Market: Market Opportunity, Africa, 2017–2025
19. Commercial Vehicles Market: Unit Sales and Market Share Forecast, Africa, 2016–2025
20. Commercial Vehicles Market: Rise of Asian OEMs, Africa, 2016
21. Commercial Vehicles Market: M&HD Trucks Price Range and Features, Africa, 2016
22. Commercial Vehicles Market: Alternative Fuel Vehicles, Africa, 2016
23. Commercial Vehicles Market: Truck Telematics, Africa, 2016–2025
24. Commercial Vehicles Market: Key Regional Trends, North Africa, 2016
25. Commercial Vehicles Market: Major OEMs Portfolio, North Africa, 2016
26. Commercial Vehicles Market: Exhibit Models, Algeria, 2016
27. Commercial Vehicles Market: Market Condition, Algeria, 2016
28. Commercial Vehicles Market: Exhibit Models, Egypt, 2016
29. Commercial Vehicles Market: Market Condition, Egypt, 2016
30. Commercial Vehicles Market: Exhibit Models, Morocco, 2016
31. Commercial Vehicles Market: Market Condition, Morocco, 2016
32. Commercial Vehicles Market: Key Regional Trends, Sub-Saharan Africa, 2016
33. Commercial Vehicles Market: Major OEMs Portfolio, Sub-Saharan Africa, 2016
34. Commercial Vehicles Market: Exhibit Models, Ghana, 2016
35. Commercial Vehicles Market: Market Condition, Ghana, 2016
36. Commercial Vehicles Market: Exhibit Models, Kenya, 2016
37. Commercial Vehicles Market: Market Condition, Kenya, 2016
38. Commercial Vehicles Market: Exhibit Models, Nigeria, 2016
39. Commercial Vehicles Market: Market Condition, Nigeria, 2016
40. Commercial Vehicles Market: Exhibit Models, South Africa, 2016
41. Commercial Vehicles Market: Market Condition, South Africa, 2016
42. Commercial Vehicles Market: Exhibit Models, Tanzania, 2016
43. Commercial Vehicles Market: Market Condition, Tanzania, 2016
44. Commercial Vehicles Market: Strategic Imperatives, Africa, 2016
45. Commercial Vehicles Market: Future Outlook, Africa, 2016–2025


1. Urban Population Forecast by Region, Africa, 1995–2025
2. Commercial Vehicles Market: Engine Specifications and Vehicle Price Points, Africa, 2016
3. Commercial Vehicles Market: CV Sales and Forecast, Africa, 2016–2025
4. Commercial Vehicles Market: M&HD Trucks Market Share, Africa, 2016
5. Commercial Vehicles Market: LD Trucks and Buses Market Share, Africa, 2016
6. Commercial Vehicles Market: New Trucks Vs Imported Used Trucks Sales, Africa, 2016
7. Commercial Vehicles Market: M&HD Value Trucks Split and Market Share, Africa, 2016 and 2025
8. Commercial Vehicles Market: CV Sales and Forecast, North Africa, 2016–2025
9. Commercial Vehicles Market: M&HD Trucks Market Share, North Africa, 2016
10. Commercial Vehicles Market: LD Trucks and Buses Market Share, North Africa, 2016
11. GDP Growth Rate, Algeria, 2014–2019
12. Commercial Vehicles Market: CV Sales and Forecast, Algeria, 2016–2025
13. GDP Growth Rate, Egypt, 2014–2019
14. Commercial Vehicles Market: CV Sales and Forecast, Egypt, 2016–2025
15. GDP Growth Rate, Morocco, 2014–2019
16. Commercial Vehicles Market: CV Sales and Forecast, Morocco, 2016–2025
17. Commercial Vehicles Market: CV Sales and Forecast, Sub-Saharan Africa, 2016–2025
18. Commercial Vehicles Market: M&HD Trucks Market Share, Sub-Saharan Africa, 2016
19. Commercial Vehicles Market: LD Trucks and Buses Market Share, Sub-Saharan Africa, 2016
20. GDP Growth Rate, Ghana, 2014–2019
21. Commercial Vehicles Market: CV Sales and Forecast, Ghana, 2016–2025
22. GDP Growth Rate, Kenya, 2014–2019
23. Commercial Vehicles Market: CV Sales and Forecast, Kenya, 2016–2025
24. GDP Growth Rate, Nigeria, 2014–2019
25. Commercial Vehicles Market: CV Sales and Forecast, Nigeria, 2016–2025
26. GDP Growth Rate, South Africa, 2014–2019
27. Commercial Vehicles Market: CV Sales and Forecast, South Africa, 2016–2025
28. GDP Growth Rate, Tanzania, 2014–2019
29. Commercial Vehicles Market: CV Sales and Forecast, Tanzania, 2016–2025



Keyword1
african commercial vehicles
Keyword2
african commercial vehicles forecast
Keyword3
african commercial vehicles

Related Research

Release Date : 27-Nov-17

Region : Africa

Release Date : 31-Mar-17

Region : Africa

Release Date : 27-Oct-16

Region : Africa

Why Frost & Sullivan

Working with the CEO’s growth team to create a vision based on a transformation growth strategy

Creating content-based digital marketing strategies that leverage our research perspective to differentiate and “tell your story”

Tracking over 1000 emerging technologies and analyzing the impact by industry and application to reveal the companies to watch in each sector

The Frost & Sullivan team is based in our 45 global offices and have developed a powerful global understandings of how industries operate on a global level.